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Business for Sale Summary

Auto Collision Shop for Sale in New York - 36085

Business Type: auto repair,auto/truck mechanical repair,seller financing available,auto body/collision repair
Owner Financing
Auto Collision Shop for Sale in New York
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This business has received 124 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $250,000 Down Payment $175,000
Gross Revenues $280,000 Lease Remaining Register Free to View
Owner’s Cash Flow $106,000 Number of FT Employees Register Free to View

Financing

$175,000 Down and $75,000 for 5 years @ 8%

Business Description

Well-established auto collision and repair shop situated in Suffolk County, New York, with a 25-year history. This profitable business yields a net income of $85,000, and an additional $21,000 is collected in rent for a single repair bay, which comes without a lease commitment. The facility boasts a spacious and fully compliant three-bay legal body shop, complete with two bathrooms, two office areas, a comfortable waiting room, and ample storage space. There's convenient front parking available for up to 10 cars. Recent upgrades include a new stucco front, eye-catching signage, and a completely replaced roof, all contributing to cost efficiency. The shop's low rent is another compelling feature. Buyers have the flexibility to utilize the entire space for bodywork or consider sub-division options, making this a versatile investment opportunity. The location is prime, situated on a prominent corner, and offers significant potential to expand services, such as towing and accident management. The seller is willing to provide transitional support to the buyer, offering a seamless takeover. With plenty of room for growth, this business is competitively priced at $250,000. Additionally, the seller is open to holding a $75,000 note to facilitate the purchase. Interested parties are encouraged to contact Broker Jim Aloi at 631-375-4100 for an appointment. Buyers may also explore the option of securing a five-year lease with a five-year extension, further enhancing the investment's appeal. Don't miss this opportunity to acquire a well-established and adaptable auto collision and repair business in a thriving location.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.